In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet. Continue reading
The Federal Reserve’s moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year. Continue reading
NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide “spread” between 10-year Treasurys and mortgage rates. Continue reading
MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin Continue reading
DBRS Morningstar’s rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let homeowners cash out equity in exchange for a stake in their home. Continue reading
Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading
The co-founder of Countrywide Financial cast himself as the leader of the revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse. Continue reading
The unusually wide “spread” between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down. Continue reading
Mortgage investors have been demanding higher yields because of fears that borrowers will refinance if rates fall. Continue reading
Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet. Continue reading